Data center firm Yondr is issuing new notes to finance the development of its campus in Virginia.

Yondr Group and real estate firm JK Land Holdings this week announced that their joint venture has secured $715 million in senior secured notes.

Secured by Yondr JK 1, LLC, the 6.875 percent senior secured notes are due 2031 and will be sold in a private offering to qualified institutional buyers.

The proceeds will be used to finance a portion of the construction of a 48MW turnkey data center to be built on an approximately 14.3-acre property in Loudoun County, to pay fees and expenses, and fund debt service reserves.

Developed in partnership with JK Land Holding, Yondr completed its first 48MW data center at the company’s 96MW campus in 2024. The second building entered ready for service in December.

The firm has a further 240MW of capacity in the pipeline for an adjacent land parcel, which will bring the total capacity of the campus to 336MW.

Yondr operates data center campuses across Europe, Asia, and North America, with developments in Virginia, Texas, Canada, the UK, Indonesia, Japan, Germany, and the Netherlands.

Previously owned by single-family investment office Cathexis, Apollo Global Management, and Mubadala, the firm was acquired by DigitalBridge and Canadian pension fund La Caisse in a deal that closed in July 2025. German financial giant Allianz has since acquired a minority stake in the business.

JK Land Holdings is a major data center player in Loudoun County with multiple projects in various stages of development across the county.